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Technology Stocks : WDC/Sandisk Corporation
WDC 161.05+3.5%3:59 PM EST
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To: Art Bechhoefer who wrote (20757)8/19/2001 2:36:31 PM
From: JH  Read Replies (2) of 60323
 
Tower Semiconductor has failed to obtain enough money from investors to build their new $1.5B fab. They are looking to raise another $150m over the next three years, through the sale of debentures.

That alone speaks volumes about the riskiness of building a fab in today's environment, where semiconductor overcapacity is rampant. Both TSMC and UMC's utilization rate is currently below 50% - does the world really need yet another multi-billion dollar fab?
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